Tuesday 2 June 2015

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SMU MBA SEM 4 PM SPRING 2015 ASSIGNMENTS

 

PM 0015 – QUANTITATIVE METHODS IN PROJECT MANAGEMENT

1 Write short notes on:

Tracy-wiersema model

Central limit theory

2 What is parametric estimating? Explain the steps involved in the development of a parametric model.

Define parametric estimating

Describe the 7 steps involved in the development of a parametric model

3 1. What aspects of capital budgeting must be considered while selecting a project?

2. Suppose an investment requires an initial outlay of $5 million and has expected the cash flow of $1 million, $3.5 million, and $2 million for the first three years.

a. Calculate:

The net present value using a 10% required rate of return

Profitability Index using a 10% required rate of return

b. Also suggest if the project must be accepted.

1. Explain the 4 aspects of capital budgeting that must be considered while selecting a project.

2. a. calculation of net present value calculation of profitability index

b. Mention if the project must be selected and give reasons why it should be project be selected/not selected

4 Explain the various expense items in a project.

List the various expense items in a project

Describe each expense with suitable examples

5 What are the major steps in time management process? What is rolling wave planning?

Explain the 5 major steps in time management process

Explain rolling wave planning

6 What are the steps that should be followed to construct a “house of quality”?

Explain the 5 steps that should be followed to construct a house of quality

 

PM 0016 –PROJECT RISK MANAGEMENT

1 What are the different risk categories? What is Risk Breakdown Structure (RBS)?

Explain the 4 different risk categories

Define RBS and how it helps in analyzing risks

2 What is Risk Opportunity and Management System (ROMS)? What are its benefits?

Define ROMS, why was it designed, how can it be used?

List its objectives

Describe the output of ROMS

List any 4 benefits of ROMS

3 List the mitigation strategies/ideas for scope risks, schedule risks and resource.

Listing of mitigation strategies for

scope risks,

schedule risks and

Resource risks.

4 What are the sources of resource risks?

Explain the sources of

People risks

Outsourcing risks

Money risks

5 What are different types of scope risks?

List the types of scope risks

Explain the 3 scope risks

6 Explain the three point estimates used in quantitative risk analysis.

Explain the term “three point estimates”

Why are they used in quantitative risk analysis

How is it different from PERT distributions

 

PM 0017 –PROJECT QUALITY MANAGEMENT

1 What is the need for quality management? Explain the significance of customer focus in quality management.

Explain the 4 reasons why organizations need to implement quality management

Discuss the significance of customer focus in quality management.

2 Explain the major project management standards and frameworks.

Explain the 5 major project management standards and frameworks

3 What are the benefits of quality metrics? Explain the 3 categories of quality metrics.

List any 4 benefits of quality metrics

Describe the 3 categories of quality metrics

4 Discuss the major barriers to project quality improvement.

List and discuss the 8 major barriers to project quality improvement.

5 What is SIPOC (Suppliers, Inputs, Process, Outputs, and Customers)? Which 3 factors should you focus on developing SIPOC? Explain.

Define SIPOC

Explain the 3 factors you would focus on developing SIPOC

6 Write short notes on the following problem solving methodologies:

Brainstorming

Nominal Group Technique(NGT)

 

PM 0018 –CONTRACTS MANAGEMENT IN PROJECTS

1 Explain the importance of project parties in project completion.

Discuss the importance of the project parties in terms of their functions

2 What is bidding? Describe the bidding process from the buyer’s perspective

Define bidding and mention the purpose of bidding

Describe 6 steps of the bidding process from the buyer’s side.

3 Explain the structure of a contract.

List the elements of the contract structure

Explain the elements

4 Explain Co-operative Benchmarking Process (COBAP)

Explain the 8 steps of the COBAP process

5 Explain any 5 ways that contracts may be terminated or discharged.

Describe any 5 ways that contracts may be terminated or discharged

6 What are the different contract forms of PPP (Public Private Partnership).

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